China's top car maker SAIC suspends trading

08:56, February 12, 2011      

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SAIC Motor Corp, China's top car maker, yesterday announced a trading suspension of its shares from next Monday because of a "major" plan.

SAIC, a partner of General Motors and Volkswagen, said in a statement filed with the Shanghai Stock Exchange that it had been informed by its holding company, SAIC Group, that it is discussing a major plan involving SAIC. The statement said SAIC will make an announcement on the plan in five trading days.

Source: Shanghai Daily
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